Funding arb · Price arb /

EWY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0340%/8h= −37.3% APRpaid last 24h −0.035%

Price spread now: Coinbase International against Aster−0.036%7-day average −0.072% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now −0.036%, 7d avg −0.072%

Together, before fees−0.016%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.037% dearer against Aster than usual: you sell high and buy low (spread −0.036% now, against its 7-day average of −0.072%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 9 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster EWYUSDT	190.51	0.0484	pay 0.0484% / 8h	7h 09m	$295K	$12K	20x
Short	Coinbase International EWY-PERP-INTX	190.44	0.0144	get 0.0018% / 1h	9m 56s	$531K	$341K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$71.44
Price spread: −0.036% → −0.072%: $3.65
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$85.79
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 62 min ago; Coinbase International: live order book, 63 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 62 min ago	2.37 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 63 min ago	2.90 bp	7.9 bp −$8	12.8 bp −$128	doesn't fit	doesn't fit

EWY on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff EWY-PERP	−0.0200%	1h	190.42	−0.046%	$29K	$12K	20x	as long as short
Bybit EWYUSDT	0.0000%	8h	190.52	+0.006%	$5.2M	$4.3M	100x	as long as short
Gate EWY_USDT	0.0000%	8h	190.46	−0.025%	$4.0M	$3.5M	50x	as long as short
GRVT EWY_USDT_Perp	0.0000%	8h	190.47	−0.022%	$754K	$386K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	190.35	−0.083%	—	$2.6M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	190.39	−0.062%	$2K	$13K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	190.48	−0.015%	$22K	$37K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	190.42	−0.046%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	190.34	−0.088%	$386K	$64K	20x	as long as short
Vest EWY-USD-PERP	+0.0046%	1h	190.63	+0.064%	—	$220K	25x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex EWYUSDT	+0.0048%	1h	190.46	−0.025%	$195K	$141K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	190.43	−0.041%	$6.3M	$14.8M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	190.35	−0.083%	$52K	$57K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	190.28	−0.120%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	190.36	−0.078%	$501	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	190.32	−0.099%	$229K	$236K	10x	as long as short
Paradex EWY-USD-PERP	+0.0073%	8h	190.44	−0.037%	$23	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	190.31	−0.104%	$981K	$653K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	190.55	+0.022%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	190.47	−0.020%	$2K	$1K	20x	as long as short
Coinbase International EWY-PERP-INTXshort	+0.0144%	1h	190.44	−0.036%	$531K	$341K	20x
OKX EWY-USDT-SWAP	+0.0279%	8h	190.47	−0.020%	$4.2M	$3.5M	50x	as long as short
Bitget EWYUSDT	+0.0446%	8h	190.46	−0.025%	$2.7M	$1.6M	20x	as long as short
Aster EWYUSDTlong	+0.0484%	8h	190.51	long leg	$295K	$12K	20x
Variational Omni EWY	+0.0577%	8h	190.30	−0.107%	$1.2M	$1.1M	—	as long as short
BloFin EWY-USDT	+0.0581%	8h	190.29	−0.114%	$47K	$214K	50x	as long as short
Binance EWYUSDT	+0.0605%	8h	190.50	−0.004%	$28.6M	$77.5M	50x	as long as short
MEXC EWY_USDT	+0.0607%	8h	190.46	−0.025%	$7.4M	$4.6M	100x	as long as short
Extended EWY_24_5-USD	+0.0608%	1h	190.47	−0.018%	$304K	$670K	10x	as long as short
edgeX EWYUSDC	+0.0666%	4h	190.70	+0.102%	$427K	$284K	20x	as long as short